Wednesday, January 9, 2013

Share Tips and Nifty Today : 9th Jan '13

As the market indicates a flat mode in last trading. Nifty closed on 6002 level. Current market trend suggest that India remains an attractive investment destination even as taxation uncertainties pose a challenge, according to global consultancy Deloitte. A survey of investors, spread across various segments, conducted by Deloitte also found that investors were looking for more clarity on certain tax issues.

Nifty for Today:
Nifty is looking attractive in current scenario. Although it is trading in flat value in its last 2-3 days, but looking bullish in near term. Now Nifty has a support level at 5940 below that 5910 will be the second but in upside it is ready to move to 6050 level and then 6090 level soon. Buy is suggested.

Stock Tips Today:
Hexaware Technilogies:
The downtrend is not over; it is surprising a small rally apparently was a bear market rally. There is more downside here probably Rs 85 or even lower, so Hexaware remains a short sell.

Havells India:
Havells India has been identified when it was at Rs 480, now it is at Rs 650. What the stock is doing is it is going up slowly and steadily. Again at Rs 650 it is just willing to breakout from a trading range that means new highs for the stock

Bharat Heavy Electricals Ltd. (BHEL):
The stock has managed to exceed the falling resistance line from its 2010 highs, which confirms the medium-term trend reversal. The stock is also currently trading above its long-term averages and has a very strong support at Rs 240 on the downside.

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